• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
See More

Zim inflation rises to 3.38%

Nov 19 2012 09:12
Malcom Sharara, Fin24’s correspondent in Zimbabwe
Harare -Zimbabwe's October inflation rose 0.14 percentage points to 3.38% after having decelerated for the past three months.

The downward trend in inflation was attributed to fluctuations in real demand for goods and services largely because of the low disposable incomes among the majority of the public.

Last month, the main upward pressure on the rate came from transport after the September fuel price increase, with smaller upward contributions from food and non-alcoholic beverages, alcohol, tobacco and clothing - footwear.

Generally because of the tight liquidity situation, there is an across-the-board weakness in consumer spending; however, as we move towards the end of the year major retailers will stock up with imported items heading towards the festive season.

This increases imported inflation, especially when the rand is strengthening.

The year-on-year food and non-alcoholic beverages inflation stood at 5.20%, while non-food inflation stood at 2.58%.
However, the month-on-month (m/m) inflation rate in October was 0.26%, shedding 0.20 percentage points on the September rate of 0.46%.

The m/m food and non-alcoholic beverages inflation stood at 0.46% in October, shedding 0.62 percentage points on the September 2012 rate of 1.08%. M/m non-food inflation stood at 0.17%, dropping 0.02 percentage points on the September rate of 0.19%.

Consumer price index for October stood at 102.63, compared to 102.36 in September 2012 and 99.28 in October last year.
zimbabawe  |  economy



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote